Connect with us

COVER

Buhari Addresses NASS Tomorrow on 2020 Budget

Published

on

President Muhammadu Buhari and Senate President Ahmed Lawan
Share

By Tony Obiechina, Abuja

President Muhammadu Buhari will on Tuesday present the 2020 Budget proposals to the joint session of the National Assembly.

The Senate Spokesman, Senator Adedayo Adedeye, who confirmed this said, “next Tuesday by 2 p.m., the President will come to present the budget. Plenary will hold but we will adjourn early and move to the House of Representatives so we can attend to the president”.

The Senate had received a written request from President Muhammadu Buhari to present the 2020 Appropriation bill before a joint session of the National Assembly on Tuesday.

According to a statement from the Senate President’s Media Office, the request, dated October 2, 2019 and addressed to the President of the Senate, Ahmad Ibrahim Lawan, was read at plenary on Thursday.

The letter reads: “May I crave the kind indulgence of the Distinguished Senate to grant me the slot of 1400 hours on Tuesday, 8th October, 2019, to formally present the 2020 Appropriation Bill to the Joint session of the National Assembly.

“Please accept, Mr. Senate President, the assurances of my highest regards, as I look forward to addressing the Joint Session”.

The Senate had also last week approved the Medium Term Expenditure Framework (MTEF) earlier submitted to it by the presidency.

The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, said last month that the Federal Government will propose to the National Assembly about N9.79 trillion as total expenditures in the 2020 budget.

See also  TCN Probes Total System Collapse, Begins Repairs

Mrs Ahmed announced this in Abuja at a public consultation forum with civil society groups and agencies on the draft 2020-2022 MTEF.

The amount represents an increase of 9.75 per cent over N8.916 trillion spending for 2019.

The projection includes a proposed revenue of about N7.64 trillion and a total proposed fiscal deficit component of about N2.142 trillion.

She said the key assumptions of the budget were based on an oil production capacity of 2.18 million barrels per day, crude oil price of$55 per barrel, against $60 per barrel last year, and exchanged rate of N305 to the dollar.

Senate has received a written request from President Muhammadu Buhari to present the 2020 Appropriation bill before a joint session of the National Assembly on Tuesday.

The request, which was dated October 2, 2019 and addressed to the President of the Senate, Ahmad Ibrahim Lawan, was read at plenary on Thursday.

The letter reads: “May I crave the kind indulgence of the Distinguished Senate to grant me the slot of 1400 hours on Tuesday, 8th October, 2019, to formally present the 2020 Appropriation Bill to the Joint session of the National Assembly.

“Please accept, Mr. Senate President, the assurances of my highest regards, as I look forward to addressing the Joint Session”. 

Meanwhile, the Senate on Thursday passed the 2020-2022 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP).

The document which is usually the basis for the annual budget proposals was forwarded to the National Assembly last week by President Buhari.

See also  Court Nullifies Former Kogi Dep Gov Impeachment

The Senate made 16 recommendations to the Executive following consideration of the report of the Joint Committees on Finance and National Planning.

The Senate in its recommendations proposed N10.729 trillion as total estimated Federal government expenditure of the Federal, as against N10.002 trillion.

It also recommended daily oil production of 2.18 million barrels in 2020, as well as $57 per barrel as benchmark for the fiscal year.

Also, the upper chamber recommended that the revenue target of the Nigerian Customs Service of N942.6bn naira for 2020 be increased to N1.5 trillion.

According to the Senate, the sum of N557.4 billion from the revenue increment of the Nigeria Customs Service be used to reduce borrowing by N200 billion increase on capital expenditure.

The Senate left unchanged the exchange rate of N305 to $1, just as proposed by the Executive for economic stability.

It recommended that the saving on income accruing from the increase of the benchmark amounting to N172 billion, which represents the federal government portion of the $2 added to the benchmark, be used to pay salaries and emoluments for the proposed 30,000 new employees by the federal government.

The upper chamber insisted that proper investigation be carried out on the e-collection stamp duty domiciled in the Central Bank of Nigeria for the past years, so as to show probity and accountability, and of course, increase the revenue base of the country.

See also  CIBN to induct 1,019 new members

The Senate further called for proper investigation on the Nigerian National Petroleum Corporation, so as to ascertain the actual cost associated with joint venture agreements. 

In his remarks after the passage of the MTEF/FSP proposals, the Senate President, called on the Federal Inland Revenue to widen its tax net and also stressed the need to diversify the economy.

Lawan said: “We have lost so much ground over the years. Time has come to diversify this economy, oil is becoming something else, it is not going to be a darling of anyone.

“So we need to have an economy that provides jobs for everybody and create wealth. This includes diversifying in agriculture, solid minerals and tourism”, Lawan said.

 Senator Lawan also charged committees of the National Assembly to ensure accountability in the procurement process.

 “We must ensure that our procurement process is properly monitored. This budget should give us that opportunity.

 “There must be efficiency, prudence in the way and manner we do procurement”, Lawan insisted.

 Meanwhile, the extraordinary Federal Executive Council (FEC) meeting, originally scheduled to hold last Saturday, was shifted to 12 noon today October 7, 2019.

The Special Adviser to the President on Media and Publicity, Mr Femi Adesina, confirmed in a statement on Friday night that the meeting is to put finishing touches to the year 2020 budget.

COVER

VAT War: Lagos, Rivers Lose First Round to FIRS

Published

on

Governor of Lagos State, Mr. Babajide Sanwo-Olu
Share

 

The Court of Appeal in Abuja has denied the Rivers and Lagos state governments of the rights to collect Value Added Tax (VAT) in their respective states.

The court said the oral application for the restraining order against the Federal Inland Revenue Service (FIRS) adopted by the states’ legal team, was not acceptable.

A three-man panel of the court, led by Haruna Tsanami, directed the lawyers representing the two states to file a formal application in place of an oral application.

The FIRS had appealed against the judgement of the Federal High Court in Port Harcourt empowering the Rivers State government to collect VAT.

The Tsanami-led panel had last Friday ordered parties to the case to maintain status quo, which appeared to be the decision both Rivers and Lagos tried to overturn yesterday.

The court had also adjourned till Thursday for the hearing of an application by Lagos state, not yet officially a party to the suit, to be joined as a respondent to the FIRS’ appeal.

Emotion ran high after Rivers and Lagos legal teams prayed for the restraining order against FIRS at yesterday’s proceedings.

The lawyers on the two sides of the divide had tense back-and-forth arguments over the request for restraining order.

See also  Buhari Visits IDPs' Camp, Laments Rising Security Threats

Rivers and Lagos legal teams, led by Ifedayo Adedipe and Moyosore Onigbanjo, prayed for what they described as “preservative order” restraining the FIRS from collecting VAT and sharing the proceeds to states pending the determination of the substantive appeal.

“My Lords, the appellant (FIRS) collects VAT and shares amongst states of the federation.

“Therefore, if it is not stopped from doing so, and the court finds its action unconstitutional, it will be difficult to recover the VAT proceeds that must have been shared to the States,” Mr Adedipe, a Senior Advocate of Nigeria (SAN), said.

Onigbanjo, the Attorney-General of Lagos State, and SAN, canvassed the same line of argument.

According to him, if FIRS is not restrained from collecting VAT and sharing it among the states of the federation, in the event the court finds its action inappropriate at the end of the day, “then it will be difficult to recover the VAT proceeds that must have been shared to the states.”

Reacting to the oral request by Rivers and Lagos lawyers, FIRS lawyer, Mahmud Magaji, also a SAN, faulted the arguments of his opponents in a combative tone.

“My Lords, I think my learned colleagues are testing the patience of the court, when it is clear that their application has no basis,” Mr Magaji said, adding that the Lagos government lacked the right to make such a request when it was yet to be joined as an interested party.This submission drew Onigbanjo’s ire who wanted to reply Magaji, but for the intervention of a member of the Appeal Court panel, cautioning the FIRS lawyer to “exhibit higher sense of decorum in addressing his colleagues

See also  NASS Leaders Meet Buhari, Retract Call for Service Chiefs Dismissal
Continue Reading

COVER

Plateau Assembly Commends FG Delegations to State

Published

on

Share

From Jude Dangwam, Jos

The Plateau State House of Assembly has commended the Federal Government for sending delegations at different levels to facilitate peace in Plateau following the recent serial attacks that claimed many lives and property worth millions of naira destroyed in the state.

They stressed that the presence of the Secretary to the Government of Nigeria, Boss Mustapha (SGF), Rev. Dr. Samson Ayokunle (SUPO Ayokunle) CAN President, Gen. Lucky Iraboh – Chief of Defence Staff, the Sultan of Sokoto and President Supreme Council for Islamic in Nigeria, His Eminent Mohammadu Sa’ad Abubakar, has gone a long way in reinforcing the confidence of citizens of the state on Government.

The State Assembly states this yesterday through its spokesperson, Hon. Dasun Philip Peter, the Chairman, House Committee on Information at a Media briefing in Josl

They also applauded Governor Simon Lalong for implementing five out of the six resolutions earlier issued to him by the 9th Assembly with a two weeks ultimatum for actions in the interest of citizens of the state.

According to Hon. Dasun “You may recall that the House of Assembly gave two weeks for the Governor to act on its resolutions on Security to address the insecurity challenges affecting the State at that particular time.

See also  In Major Reshuffle, Navy Redeploys 60 Rear Admirals, 197 Others

“We felt it is important as an organized institution; we have a duty to communicate back to the people of Plateau State the outcome of the resolution and of the present position of the Assembly.

“We gave a six-item resolution to the Executive Governor to act on within two weeks. He has so far been able to address five of the items remaining one that is ongoing,” he explained.

The Chairman House Committee on Information said the six resolutions were for the Governor to “Visit Yelwa Zangam Community in Jos North and pay the hospital bills of those affected in the conflict.

“Visit to extend relief materials to the Rukuba Irigwe Community, Riyom, Bokkos and Mangu, and to address the people of Plateau on the Security situation and show to people of Plateau state a renewed commitment.

“To improve the security situation in the State by engaging the advance security operatives. To also suspend the planned Adhoc teachers recruitment and to replace it with the Vigilante, and Local hunters as well as implement the Anti Land Grabbing Law to enable those occupying illegal lands on the Plateau to vacate such lands and native owners to take back their lands.”

The Assembly said it will not condone any action that is capable of threatening the peace and progress of the state, as they pledged to continued to stand with the people of the state at all time.

See also  Buhari Visits IDPs' Camp, Laments Rising Security Threats

“We as an institution will not condone any act of insecurity and killings in the Plateau henceforth. As an Arm of Government with the People at heart, we are still putting on record that we stand with the people of Plateau and we give assurances of commitment to the course of Plateau and its heritage.  

“Worthy of note, is the fact that the House is still resolute in support of the Leadership of Rt. Hon. Abok Nuhu Ayuba, our firm Speaker and our Loyalty to him is unshakeable,” he firmly stated.

Continue Reading

COVER

Umahi, Uzodinma, Obiano others absent from Southern Governors Meeting

Published

on

Share

Four Southeast Governors were absent at the Southern Nigeria Governors Forum meeting winch commenced in Enugu yesterday.

Enugu Governor, Ifeanyi Ugwuanyi, who  hosted the meeting, was the only Governor from the Southeast present at the venue at the time of filling this report.

His counterparts from Abia, Ebonyi and Imo sent representatives while that of Anambra State did not send any representative.

The closed-door meeting, which was being coordinated by Ondo Governor, Oluwarotimi Akeredol, commenced with nine Governors and seven deputies.

Other Governors at the meeting were Ifeanyi Okowa (Delta); Gbenga Oyetola (Osun); Babajide Sanwo-Olu(Lagos); Nyesom Wike (Rivers); Udom Emmanuel (Akwa Ibom); Duoye Diri (Bayelsa) and Dapo Abiodun (Ogun).

The Deputy Governors were Prof Evara Esu (Cross River); Udo Okochukwu (Abia); Bisi Egbeyemi (Ekiti); Kelechi Igwe (Ebonyi); Rauf Olaniyan (Oyo); Philip Shuaibu (Edo) and Prof. Placid Njoku (Imo).

The governors first ushered in to a security guard of honour, were later received by Ugwuanyi at the Government Lodge.

Before entering the venue of the meeting, Akeredolu welcomed his fellow governors to the Coal City State and assured the outcome of the meeting would be made known in a communiqué.

See also  CAN Wants Buhari to Declare Miyetti Allah Terrorist Organisation
Continue Reading

Translate

Email Subscription

Name *

Email *

Download ePaper

Top Stories

NEWS18 hours ago

Yobe Enrols 17,000 Destitute for Free Medical Programme

Share Post Views: 65 Dr Babagana Tijjani, Executive Secretary, Yobe State Contributory Healthcare Management Agency (YSCHMA) says the agency has...

Taraba State Governor Darius Ishaku Taraba State Governor Darius Ishaku
Economy18 hours ago

Ishaku Demands Urgent Review of Revenue Allocation Formula

Share Post Views: 67 From Victor Gai, Jalingo Taraba state governor, Darius Ishaku has  advocated immediate upward review of the...

POLITICS20 hours ago

Incessant Borrowings Worrisome – Ndume Agrees

Share Post Views: 33 By Jude Opara, Abuja  Even as the ruling All Progressives Congress (APC) has continued to endorse...

NEWS20 hours ago

ActionAid Secure £1.3m to Mobilise Youths, Women for Governance

Share Post Views: 32 From Joseph Amedu, Lokoja ActionAid Nigeria has secured a £1.3 million grant from the United Kingdom...

NEWS20 hours ago

We’ll Complete Sagbama-Ekeremor Road in First Tenure – Diri

Share Post Views: 61 From Tayese Mike, Yenagoa Bayelsa State Governor, Senator Douye Diri, has expressed satisfaction with work on...

NEWS20 hours ago

Mathematics Saved Me from Running Mad – Soyinka

Share Post Views: 52 From Kunle Idowu, Abeokuta Nobel Laureate, Professor Wole Soyinka, yesterday said that he would run mad...

NEWS20 hours ago

FG Directs IT Companies to Register with Council

Share Post Views: 59 By Evelyn Terseer-Abuja The Federal Government has directed individuals and corporate organisations that are into Information...

NEWS20 hours ago

Gunmen Abduct Three Poultry Farmers in Kogi

Share Post Views: 56 From Joseph Amedu, Lokoja Three persons have been kidnapped in Kabba, headquarters of Kabba/Bunu Local Government...

NEWS20 hours ago

Women Group Condemns Rising Kidnapping, Banditry, Others

Share Post Views: 41 From Tayese Mike, Yenagoa Against the backdrop of incessant killings, kidnapping, banditry and other issues that...

FCTA, Abuja FCTA, Abuja
Metro21 hours ago

Hoodlums Attack FCTA Taskforce in Gwarimpa, Injures Military Personnel

Share Post Views: 29 By Laide Akinboade, Abuja Thugs yesterday attacked the Federal Capital Territory Administration Taskforce, in Gwarimpa, injuring...

Copyright © 2021 Daily Asset Limited | Powered by ObajeSoft Inc